1. Your statistics instructor claims that 60% of the students who have taken this class feel that it enriched their lives.You find this to be very hard to believe and you think that the true proportion must be much lower.You track down 50 former students and 24 of them report feeling more enriched as a result of the stats class.Perform a hypothesis test to determine if your instructor is exaggerating.Use the 5% significance level.
2. What are yournull and alternative hypotheses?
3. Can you reject the null?What is your rationale?
4. What does the 5% significance level mean?Be specific.